Aug. 21, 2012 (China Knowledge) - State Grid Corp of China, the nation's largest power supplier, has said it will issue RMB 10 billion in unsecured bills with a maturity of 365 days in the interbank market on Aug. 28.

According to a statement, the company said that the bills will be issued at face value, and the coupon rate determined in the process of book-building.

Both value and payment due date is set on Aug 29, and the to-be-issued bills tradable Aug 30.All the proceeds from the issue will be used to replenish working capital, said the issuer.